At Macrossan & Amiet Solicitors we are not financial planners, but we do like to see our clients secure their financial future following a settlement. Today we ask Martin Lambert of Stamford Financial how taking advice from a Financial Planner following a relationship break down can benefit our clients.
- What role can a financial planner play when relationships break down?
The breakdown of relationships are traumatic, challenging and emotionally charged times; our role is to assist in helping remove the emotions so you can make the right decisions with your finances, leaving you to focus on what’s really important such as family and health. Our aim is to assist you with financial aspects of the transition to your new circumstances with peace of mind.
- Do you provide advice on all types of investments?
We provide advice on most types of investments such as superannuation, managed investments, shares, term deposits, etc.
- Is it necessary that the client have multiple appointments over multiple years or is a one-off appointment sufficient?
Whilst we like to develop long-term ongoing relationships with our clients, we understand that sometimes people simply need some general guidance and reassurance which can often be achieved at one meeting. We would, however, strongly encourage clients to review their finances at least annually to ensure that they remain on track to reach their goals.
- Are you able to provide advice on life insurance and income protection?
Life insurance and income protection are there to protect you during the times when things go wrong (accident, injury, death), we act as a broker and can assist you with finding the most suitable insurance policy for your specific needs. We’re not aligned to any particular company and provide detailed research on the different products available to help illustrate the benefits and features of each policy that’s available for you.
- During property settlement negotiations, can you provide advice regarding the asset “break down” i.e. is a client better off taking the house or superannuation?
Yes we can run through some ‘what if’ scenarios with clients to help them understand the benefits and consequences of each option.
